$ETH - One of two intraday trades I'm currently in as I look for a squeeze over weekend, interestingly a lot of other stuff is trading really bad. This is a TP1 area and if lucky this could squeeze as far as 4888 if BTC can start slow walking back up.
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BitMine Immersion Technologies, a company engaged in cryptocurrency and blockchain infrastructure with a strategy centered on long-term accumulation, reported combined cryptocurrency and cash holdings exceeding $8.82 billion. As of August 24th, the firm’s assets included 1,713,899 ETH valued at $4,808 each according to Bloomberg data, 192 BTC, and $562 million in unencumbered cash.
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First off, I wouldn’t say I timed the top. Took some profits on ETH because I expect a short-term pullback—after all, there’s zero short liquidity left in the futures market… So yeah, this kind of dip is actually healthy!
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